DSE, CSE end flat after bumpy ride

FE Online Report | Published: April 04, 2018 15:53:05 | Updated: April 05, 2018 11:26:11


Stocks ended almost flat Wednesday with turnover falling further as investors were active on both sides of the trading fence.

Analysts said the market ended flat after high volatility as a section of the investors continued booking profit while some others were busy rebalancing portfolio amid ongoing dividend declarations session.

After witnessing see-saw movement throughout the session, DSEX, the prime index of Dhaka Stock Exchange (DSE), settled at 5,793, advancing 2.76 points or 0.04 per cent.

The DS30 comprising the blue-chips, also gained 1.25 points or 0.05 per cent to settle at 2,167. However, the DSE Shariah Index (DSES) fell 2.37 points or 0.17 per cent to finish at 1,348.

Turnover, the another crucial indicator of the market, fell 1.62 per cent to Tk 5.46 billion, against Tk 5.55 billion in the previous session.

The losers took a modest lead over the gainers as out of the 336 issues traded, 152 closed lower, 147 closed higher and 37 remained unchanged on the DSE trading floor.

BRAC Bank led the DSE turnover with about 4.88 million shares worth Tk 492 million changing hands, followed by IFAD Autos, Unique Hotel & Resorts, Beximco and Aamra Networks.

Rupali Life Insurance was the day’s highest gainer, posting a 9.97 per cent rise while CAPM IBBL Islamic Mutual Fund was the worst loser, losing by 6.03 per cent.

However, port city bourse CSE ended in the red with the CSE All Share Price Index – CASPI – shedding 8.41 points to settle at 17,840 points and Selective Categories Index – CSCX –losing 3.84 points to finish at 10,784 points.

The losers beat the gainers as 122 issues closed lower, 85 ended higher and 27 issues remained unchanged.

The port city bourse traded 7.01 million shares and mutual fund units worth nearly Tk 182 million in turnover.

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